Real Estate Agent with Coldwell Banker Residential Brokerage


Well, this year has been an interesting year for real estate in Green Valley, Arizona.
We have seen our inventory swell to over 1100 homes available per day in the MLS
inventory.  During yesteryear or more normal cyclical times, we averaged between
650-700 homes available per day.  Today our mark is at 1010.  Hopefully, the media
will reduce its fanning or sensationalizing of the market conditions as they continue
to slowly improve, and the election year jitters will began withering away.

It is in our interests to keep the banks from entering the real estate management and
brokerage sections of the real estate world.  Their entrance could really damage the
continuity of the market and the quality of service that would be provided.

As most people that are closely watching the market know that this is a great time
to purchase a home.  The FHA section of the home program market share is growing
helping to facilitate a comeback. The foreclosures keep popping up in the market and
I've noticed that they seem to generate an immediate fervor of activity.  It is interesting
to note that as I mentioned last month,  the amount of debt forgiveness that is granted
by the lender in the short sale category can be or probably will be followed with a 1099
to the seller.  With all of these various kinds of action percolating, this year shall continue
to be very very enlightening.

If you would like to contact us, please call at: (520) 904-1690 or email us at:!

Comments (2)

Steve Glose
Keller Williams Classic Group - Orlando, FL
TRC, CIPS, 407-616-7286, Orlando Real Estate, Orla
This log jam of homes has to break at some point. I know it will take some time to move all this inventory but the market is so attractive now in parts of the country that we should start to see some kind of movement.
May 03, 2008 07:39 AM
L. Wayne Denton
Denton Properties, Inc. - Loganville, GA
I have a handle on your market!!!

Well, I might have to move out there so I don't have as much competition against my listings.  In my market around Atlanta, Georgia we average about 105,000 home on the market any given day.  We are donw average wise about 10,000 per day from about 4 months ago, tracking only listed and solds, which shows we are working to make our market work. 

REMEMBER, I HAVE A HANDLE ON YOUR MARKET!!  (check my picture, you'll see why)

 We can make this market work if we are very positive.  Stay positive and your clients will see it as well.

May 03, 2008 07:59 AM